The liquidity gap at Lloyd's
Article Abstract:
Lloyd's has recently been faced with a number of names, or individuals whose capital supports the insurance company's underwriting, who are balking at paying claims. Some are choosing to sue rather than pay. This could seriously erode Lloyd's liquidity, although the company is solvent. Lloyd's is looking into seeking corporate capital.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Dog days at Lloyd's
Article Abstract:
To recover from its financial crisis, Lloyd's of London should downsize its upper management. The bureaucracy at the top and high pay is crippling the company. Lloyd's is still important in the fields or marine insurance, reinsurance and specialized new risks insurance and it should be saved.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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